https://www.taxtmi.com/caselaws?id=22004 The Calcutta High Court held that the property must be actually used for residential purposes to qualify for a deduction under the second proviso to section 23(1) of the Income-tax Act, 1961. The Court ruled against the assessee, emphasizing the importance of the property being used as a residential unit, whether by the owner or tenant, to claim the deduction. The judgment favored the Revenue, stating that the property let out to the bank did not meet the criteria for the deduction. en-us Fri, 25 Jan 1991 00:00:00 +0530 Sat, 05 Dec 2009 13:42:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22004 The Calcutta High Court held that the property must be actually used for residential purposes to qualify for a deduction under the second proviso to section 23(1) of the Income-tax Act, 1961. The Court ruled against the assessee, emphasizing the importance of the property being used as a residential unit, whether by the owner or tenant, to claim the deduction. The judgment favored the Revenue, stating that the property let out to the bank did not meet the criteria for the deduction. Case-Laws Income Tax Fri, 25 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22004